Announced Wed, 8 Apr · 18:02 IST
Suraj Limited to expand pipe manufacturing capacity to 7,000 MT
Capex & Operations View source PDF
SURAJLTD · price
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Price reaction · full curve 14 horizons · vs prior close
-6.6%1-day move
₹260.00
prior close
₹268.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.7+0.0-0.4-6.6+0.6+0.0-2.7-1.0-4.0-9.2-9.1-11.5-11.5
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AI summary
Suraj Limited is expanding its pipe manufacturing capacity from ~5,000 MT to up to 7,000 MT per annum (a 40% increase) to make pipes up to 170 mm OD. The project requires an investment of about Rs. 15 Crores, funded entirely through internal accruals (no debt). Existing capacity is close to full utilisation, and the new capacity is expected to be commissioned by September 2026. The goal is to reduce dependence on imports and better serve domestic demand.
Likely market impact
Capacity addition signals growth amid full utilisation. Debt-free funding via internal accruals limits financial risk. Positive for long-term revenue potential.